Portland Marche, LLC v. Federal National Mortgage Association (Fannie Mae)

NOT FOR PUBLICATION FILED

UNITED STATES COURT OF APPEALS MAY 12 2025

MOLLY C. DWYER, CLERK

U.S. COURT OF APPEALS

FOR THE NINTH CIRCUIT

PORTLAND MARCHE, LLC, a California No. 24-141 limited liability company; CERES D.C. No. RICHLAND, LLC, a California limited 3:21-cv-00569-IM liability company,

Plaintiffs - Appellants, MEMORANDUM*

v.

FEDERAL NATIONAL MORTGAGE

ASSOCIATION (FANNIE MAE), a federally chartered corporation also known as Fannie Mae,

Defendant - Appellee.

Appeal from the United States District Court for the District of Oregon Karin J. Immergut, District Judge, Presiding

Argued and Submitted April 2, 2025 Portland, Oregon

Before: BYBEE, LEE, and FORREST, Circuit Judges. Dissent by Judge BYBEE.

Plaintiffs-Appellants Portland Marche, LLC and Ceres Richland, LLC

(collectively, Portland Marche) appeal the district court’s judgment enforcing their

* This disposition is not appropriate for publication and is not precedent except as provided by Ninth Circuit Rule 36-3. settlement with Defendant-Appellee Federal National Mortgage Association

(FNMA). We have…